About your Search

20121201
20121231
Search Results 0 to 18 of about 19 (some duplicates have been removed)
believe are in the u.s. big -- cap with big brand names with great fundamentals, and they are right here in the u.s.? make that the last word. the bell is ringing. maria will pick up the second half of the "closing bell" in just a moment. >>> and it is 4:00 on wall street. do you know where your money is? hi, everybody, welcome back to the "closing bell." i'm maria bartiromo on the floor of the new york stock exchange. today fading optimism about a deal to avoid the fiscal cliff weighed on stocks. here's how we're finishing on wall street close to the lows of the day with a decline of the dow jones industrial average of 98 points at 13,252. once again we saw both sides digging n.no deal on the fiscal cliff in washington and stocks sold out. nasdaq composite off a third of a percent and the s&p 500 down 11 points, and the countdown continues. only seven trading days left until the fiscal cliff dead livent was today the beginning of a bigger selloff if a deal does not come soon? joining me right now is a cnbc contributor from western destination and steven hammers from the emp fund and our
friend from the technical world joining us moments in the second hour of "the closing bell." >>> and it is 4:00 p.m. on wall street. i'm mandy drury sitting in for maria bartiromo. this is where we're finishing the day on wall street. we're also finishing out the trading week as well. the nasdaq has been the underperformer all day because of apple. still sitting below 3,000. the dow managing to finish 80 points higher. the s&p 500 also stretching its legs, up by four points. bill, you're back. >> of course. we've just started without you here, mandy. i'm bill griffeth. let's find out who made money on wall street. i'm still getting dressed here. ralph is our mentor here. and there's our own rick santelli. so we just got started here. what do you think of this market? >> i'm ecstatic. >> you're ecstatic? >> yes. >> is that beyond bullish? >> yonbeyond bullish. if bad news can't take you down, that's good news. for the past couple weeks, that's all we've been getting. and the market is working its way higher. it's not only in the states. it's around the world whether it be ho
a lot of growth in 1999 from 2000, and that led us to a recession. we're looking at the same thing now. we're seeing people have accelerated dividends, pre-payments, seeing a lot of companies that single proprietors are paying themselves this year in anticipation of higher rates. >> it's interesting that you point that out. it could be argued at the same time that we're delaying growth until next year because of the number of companies that have delayed hiring or capital expenditures because of the uncertainty about the fiscal cliff. >> yeah. well, uncertainty, unfortunately, is perhaps going to continue with this because the regulations are not going to go away there. may be a little bit more clarity but we're still writing up the regs on dodd/frank and looking at the health care thing. that won't be resolved in the first quarter. >> taking a cautious attitude. >> we think this is probably good. the numbers won't manifest themselves until the first quarter, but i think there's a lot of acceleration this year. the bonus depreciation is going to go away so there's been heavy capital spe
since 2008 but going over the fiscal cliff puts us at peril in terms of lower income and higher regulatory burdens and just the uncertainty. >> brian, sometimes the media gets the blame for scare mongering and i'm going to therefore try to play the other side and the devil's advocate. is there a possibility that this fiscal cliff talk is a y2k moment? in other words, it's not going to be nearly as bad as we think? >> oh, i think that's a possibility. i think maybe there's a little bit of cynicism in the market and a lot of people in the sidelines which is one of the reasons why the vix is as low as it is. compare this to the negotiations surrounding the extension of the debt ceiling back in august of last year. nothing like the turmoil that's been there. i think a lot has already been baked into the cake. i think right nprobably to the extent there's the stage set for further negotiations for a grand bargain to set more permanent parameters on tax and spending policy. >> is there anything that's immune to the fiscal cliff talk, anything you would buy right here? >> well, i would
aren't necessarily going lead us to the truth. i personally have a very size way i'm approaching this. the president is supposed to leave for a 21-day vacation in hawaii on december 17th. where he is on december 18th will tell me, and i think the markets will pay attention. i find it hard to believe, and i agree with bill and many, who are very not amused by the house taking their long weekend. i'm sure that the president would have no intentions of leaving until these issues are resolved. i think the market is being kind, but i think it's a timing issue. >> yeah, i think that's a good point. somebody mentioned the other day that the president is planning a trip to hawaii on december 17th. i said, what? they said, no, no, no, not unless the deal is done. we'll see about that. meanwhile, the house goes away for a lock weekend. all right, rob. what do you think? you think we're going to get a deal done by the year end? >> i think there will probably be a deal done. i think you have to look at the market fundamentals today and say equities are as cheap as th they've been in 50 years rela
is on. i think they going to use more words than action. >> they've been using that very effectively. and it actually moves markets. just the language. >> he didn't buy one bond. he said three words and spanish and italian yields drops three basis points. >> what were the three words? >> whatever it takes. >> that's good. markets like whatever it takes, i guess. rick santelli, loeet's talk job. that's tomorrow. some noise in this report. early thanksgiving, hurricane sandy. is this rally at the end of the day having anything to do with any anticipation of the jobs report? what are you looking for? >> no, i don't think so. we're looking for almost exactly half. we had 171,000. the consensus is 85 to 90,000. we're looking at half. i understand that, you know, superstorm san difs a horrible event, and i am sure it's going to take some jobs out, but it's going to also be a bit of an excusetrending well. i'll give you an example. wells fargo gallup does a small survey. on hiring, small businesses dropped to the lowest level of opt miimism in four years. it doesn't matter what ben bernanke
standing by who will give us a reaction to the oracle earnings once those numbers cross the wires. they should be coming out momentarily. here's the number to look for, 61 cents a share on earnings is what we're expecting on revenue of 9.02 billion. as soon as we get the numbers we'll see how oracle is doing. liz ann sanders, deal or no deal? what's your take on all of this? >> we'll have a deal. in the first step of the process and then whatever the makeup of the deal will become more important as we go into the beginning of the year. the devil will be in the details, but i do think we get some semblance of a deal. it may not make either side terribly happy but that might be the measure of a decent deal if both sides run happy. >> a great couple of days here with triple-digit moves on the dow jones industrial average. alan gael, you want to buy into it or sell it? >> i would say that it's a little vulnerable here. i think clearly both sides are now moving in the same direction, but now it's so the conversation is about numbers, and i think we still have a good ways to go, and qui
the president as eamon javers told us a little while ago. what now for the markets? we have our guests and our very own rick sell sebak with us. rick, let me get to you, first of all, because you're here on the set. what now for the markets? >> what now for the markets? it's going to be up or down dramatically which makes it challenging for all investors. are we going to have resolutions? are we headed over the cliff to give pain to the shorts in the investors have to find a smooth ride through? >> how? >> a great new tool called liquid alternatives that brings strategies to the public through mutual funds. you can combine longs and shorts to take advantage of this type of volatility, and find ways hopefully to smooth the turns moving into an uncertain future. >> could sure use that right now. quinn tetreault, here we go again. another headline-driven day,ed a the markets, you know, minute by minute, can turn on a dime here. >> you know, bill, this is what i don't understand, and i appreciate the previous guest's, you know, solution, but what is wrong with cash? there's a phrase that i live by
not able to get anything going today as the fiscal cliff fears continue to hang over us. as you see, we turned negative right at 4:00. in fact, we're looking at a decline of about 13 points right her here. the nasdaq composite also under pressure to the tune of five. the s&p 500 down about two points on the session. i want to take a closer look at what moved the markets as we await any decisions out of washington. joining us right now, keith springer, abbigail doolittle, and our own bob posani. keith, let me get your take on the cliff here and on what's to happen in terms of the markets. do you expect the economy to go over the fiscal cliff? what kind of reaction might we see in the market if that were to materialize? >> well, if we saw the market sell off in a big way, i don't think anybody believes we're going to go over the fiscal cliff. there will be some sort of resolution. they'll come up with some tax cuts, some breaks in spending, and probably kick the can down the road on a lot of it. i love the way this market is acting. it's not selling off with all the bad news, all the bick
for you. help you use that knowledge to navigate well in 2013. >>> here are the near-final figure y figures. one trader said to me we were lower friday because nobody wanted to go into the weekend long the market. now nobody wants to go short the market tonight in case they're able to get this deal done and vote on it in the next couple days. the dow at 13,106.98 to close out. the s&p up today. and a strong day for the nasdaq. up 2% right now at 3,019. >> certainly the market didn't seem to be particularly deterred by the news that john harwood just broke there, the fact it looks like no vote in the house tonight. which would mean technically we'd go over the cliff. but he still thinks a deal will be struck but just not tonight. 2012, check. it's in the books at least for the markets, that is. and while the clock keeps on ticking, no deal yet. what is an investor to do in the new year? >> edward pangin with us, james buckingham, rick santelli. everybody on board to pick apart what has just happened and what may happen going into the new year. what do you think? are you hopeful to ge
definite answers coming with our panel. back with us nathan bachrach from the financial network. also matt mccormick, sandy lincoln, and john spolinsani. what do we do between now and the end of the year? >> we wait. you hope there will be a resolution with the fiscal cliff. also 2013 could be a difficult year. it's the first year of the presidential term which is usually a weak un. earnings growth looks a little bit weaker. we are very big on di dends. we believe this is a grinded out market. prepare for instability. >> so it's glass half empty for you right now. >> we'd like to be optimistic but tell clients buy with sound balance sheets. and if the market goes up better, we're in a better position. >> i have to press you on what you say about you like companies that pay better dividends? >> right now you're looking at the. senate bill will will tax for gross incomes of $250,000. that's not a deal killer. there was an article this week talking about how dividends -- people buy dividends for income and downside protection. those issues do not go away regardless of what happens with taxes.
? >> absolutely. that's what the tape is telling us. it's going to happen, and if there ice any whiff of disappointments, you get that downtick. learn from nancy pelosi. the richest person in congress. doesn't speak during market hours. >> thank you very much. >>> going to the close of a gain of 80 points and our old friend from "power lunch" days, chuck lovelle ringing the closing pebble and much more now from washington with maria bartiromo on the "closing bell." >> it's 4:00 on wall street. do you know where your money is? hi, everybody. welcome back to "closing bell." i'm maria bartiromo coming to you live from the white house. stocks rallying and closing off the best levels of the session after senate majority leader harry reid warned it will be tough to reach a deal to avoid the fiscal cliff before christmas. we all note deadline, december 31. take a look at how we're finishing the day. the dow jones industrial average up about 80 points today. it was higher, much higher than 100 points earlier today, up two-thirds of 1%. volume on the light side this afternoon. nasdaq composite
's a nervousness out there. maybe this is giving us one little taste of what it would be like to have a full blown reversal in the fixed income market. i don't think it will last long, but it is going to give us a sense of selling. as many of the high profitable traits and long positions come out of the treasury market. and they will find their way into either cash or equities. and i think the fiscal cliff, i don't think we're going to get a really good solution if you're worried about the next debt ceiling level. but i think it'll take the markets a few weeks to figure that out. and if you look at this year, we reach the high yield for treasuries in the first quarter. i think that could be very comparable to how it looks in 2013. >> and jeff cleveland, let me ask you the same question in terms of allocating capital and your expectations for the new year. >> i think i agree that the economy doesn't fundamentally change at midnight on 12:31. so we're not worried about a recession. what we are worried about is people expect a deal to get done and they think we'll have a surge of economic growth. and
." thanks for joining us. maria has much more in the second hour of the "closing bell." i'll see you tomorrow. >>> and it is 4:00 on wall street. do you know where your money is? hi, everybody, welcome back to the "closing bell." i'm maria bartiromo on the floor of the new york stock exchange. market closing off the lows of the afternoon after news that president obama and speaker boehner are set for another meeting today on the fiscal cliff, one hour from right now. take a look at how the markets are settling out tonight. as soon as we got that announcement the market went from down 90 to down 50 and it's creeped lower since with a decline on the session of 80 points, finishing at 13,167. a decline of three-quarters of 1% at 2992 on the nasdaq and the s&p gave up 9 at 1419 and the federal reserve and the fiscal cliff weighed in on this market. how do you position yourself? joining me to discuss that our guests. gentlemen, nice to have you on the program. thanks so much for joining us. let me kick this off with you in terms of allocating capital right here in the face of so much unce
of all debacles. it's the mother of all debacles. that was brought up in an effort to send us something. he couldn't even pass it among the republicans it was so absurd, he meaning the speaker, so it's very clear now, mr. president, that the speakers's number one goal is to get elected speaker on january 3rd. the house is not even here. he's told me it will give him two days to get back here, not two days, 48 hours. they don't even have enough of the leadership here to meet to talk about it. they have done it with conference calls. people are spread all over the country because the speaker is basically waiting for january aboutrd. now, the president campaigned on raising taxes on people making more than $250,000 a year. the bush era tax cuts will expire at the end of this year. obama was elected with a surplus of about 3 million votes. he won the election. he campaigned on this issue. again, the speaker can't take yes for an answer. the president has presented to him something that would prevent us from going over the cliff. it was in response to something the speaker gave to the presid
for us. any time a joint venture like this. we get bigger. we get stronger. it's a plus for us. down the true will really bring a lot of business to us. people are afraid things will charges but the human element here is so important. that's why it's critical. it will be here long time. >> a quick thought on where we stand in the markets right now as we continue to watch the back and forth over the fiscal cliff. >> i think you can see the markets kind of treading sideways here, but, you know, triple witch, last big witch of the year. >> a a lot of volatility to the markets so we'll be watching that. >> enjoy the holidays. >> happy holidays. >> second hour of the "closing bell" is going to begin in five seconds. maria will pick it up on the other side. >>> and it is 4:00 on wall street. do you know where your money is? hi, everybody. welcome back to the "closing bell." i'm maria bartiromo on the floor of the new york stock exchange. stocks higher today on wall street as the close settles out. we see some money coming into this market. investors still hoping for a deal in washington to
economic landscape. i mean, you know that the u.s. economy is doing better. we know there will be a solution. it might take a little more time. i'm not going lore a grand bargain next week nor am i looking for the collapse of any negotiations, but i think there will always be a compromise and with a comp mooig mice comes opportunity. >> it's amazing to me, though, that this is taking so much time. dean, do you think we've seen an impact to the economy going into 2013 as a result of anticipation and inability on the part of or r on the part of business executives to put plans in place, hire new folks because they don't know what their tax rates are going to be, they don't know what's happening in washington? has it already taken an impact? >> i think that's fair to say. we have seen capital spending be weaker than it would have been otherwise if there hadn't been these worries about the fiscal cliff. i think that the worry, though, that the economy was going to tank in the second half of the year, something like 1% that many people were expecting, that's proving not t
to dawn on a lot of people. >> gordon is with us. let me ask you the same question, what happened at the end of the day here? you had about almost a billion to buy and ended lower. tell us how the end of day finish and what you're expecting. >> end of days have been spectacular here. friday is the craziest closing identify seen down here for a long time. you've seen a lot of activity coming in for the liquidity event, posing imbalances not just being met but reversed. that's the order of trading of the day here going forward. if you look at the month i think we'll see muted action in response to what's happening in terms of the fiscal cliff. there's enough arguments to believe it will sustain at these levels but i think we'll pick up serious action in the last ten days of the month and we could see significant volume come down here. >> that's what you want to see and that's what you're expecting end of the month there. let's talk about allocating capital. what do i do in the face of uncertainty, fiscal cliff, global, how do you want to allocate capital? >> we've been advocating cl
Search Results 0 to 18 of about 19 (some duplicates have been removed)

Terms of Use (10 Mar 2001)